Funding arb · Price arb /

EWY

RWAall EWY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0326%/8h= +35.7% APRpaid last 24h −0.726%

Price spread now: Hotstuff against edgeX−0.198%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.198% cheaper against edgeX than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.0 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX EWYUSDC	187.62	0.0258	pay 0.0129% / 4h	1h 15m	$421K	$286K	20x
Short	Hotstuff EWY-PERP	187.25	0.0584	get 0.0073% / 1h	15m 35s	$28K	$12K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee HotstuffbpOrdersPrice spread, now −0.198%Rate

Funding earned: $68.42
Price spread: −0.198% → 0.000%: −$19.78
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $34.64
Costs to cover: 0.140%
Break-even: 3.5 days

Slippage unknown: edgeX: live order book, 28 min ago; Hotstuff: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 28 min ago	5.32 bp	10.0 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget EWYUSDT	−0.0270%	8h	187.41	−0.113%	$2.7M	$2.3M	20x	as long as short
BloFin EWY-USDT	−0.0012%	8h	187.65	+0.015%	$48K	$216K	50x	as long as short
Aster EWYUSDT	0.0000%	8h	187.31	−0.163%	$290K	$12K	20x	as long as short
Extended EWY_24_5-USD	0.0000%	1h	187.26	−0.191%	$239K	$501K	10x	as long as short
Binance EWYUSDT	0.0000%	8h	187.34	−0.149%	$27.1M	$81.6M	50x	as long as short
Bybit EWYUSDT	0.0000%	8h	187.41	−0.113%	$4.9M	$4.8M	100x	as long as short
OKX EWY-USDT-SWAP	0.0000%	8h	187.31	−0.166%	$4.1M	$4.3M	50x	as long as short
Gate EWY_USDT	0.0000%	8h	187.37	−0.134%	$4.0M	$4.3M	50x	as long as short
MEXC EWY_USDT	0.0000%	8h	187.36	−0.139%	$8.5M	$4.5M	100x	as long as short
Variational Omni EWY	0.0000%	8h	187.31	−0.165%	$1.2M	$1.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT EWY_USDT_Perp	0.0000%	8h	187.61	−0.008%	$742K	$421K	10x	as long as short
SunX EWY-USDT	0.0000%	8h	187.35	−0.145%	—	$2.4M	20x	as long as short
Deribit EWY_USDC-PERPETUAL	0.0000%	1h	187.39	−0.123%	$2K	$14K	20x	as long as short
HTX EWY-USDT	0.0000%	8h	187.66	+0.021%	$22K	$35K	20x	as long as short
Phemex EWYUSDT	0.0000%	8h	187.37	−0.134%	$1.7M	$37K	10x	as long as short
Lighter EWY	+0.0032%	1h	187.16	−0.246%	$379K	$40K	20x	as long as short
Vest EWY-USD-PERP	+0.0041%	1h	187.16	−0.246%	—	$220K	25x	as long as short
Popdex EWYUSDT	+0.0048%	1h	187.40	−0.118%	$197K	$152K	20x	as long as short
Coinbase International EWY-PERP-INTX	+0.0048%	1h	187.60	−0.011%	$521K	$269K	20x	as long as short
tradeXYZ xyz:EWY	+0.0050%	1h	187.20	−0.224%	$6.2M	$14.2M	20x	as long as short
Entropy io:EWY	+0.0050%	1h	187.35	−0.145%	$142K	$119K	25x	as long as short
Polymarket Perps EWY-USD	+0.0050%	1h	187.20	−0.224%	$4K	$126	20x	as long as short
SoDEX EWY-USD	+0.0050%	1h	187.35	−0.145%	$752	$4K	10x	as long as short
Ondo Perps EWY-USD.P	+0.0050%	1h	187.56	−0.033%	$219K	$325K	10x	as long as short
Paradex EWY-USD-PERP	+0.0058%	8h	187.34	−0.152%	$22	—	5x	as long as short
KuCoin EWYUSDTM	+0.0100%	8h	187.24	−0.203%	$963K	$596K	20x	as long as short
ApeX Omni EWYUSDT	+0.0100%	1h	187.53	−0.049%	$13K	$264K	50x	as long as short
Orderly PERP_EWY_USDC_mythos	+0.0100%	8h	187.39	−0.123%	$2K	$1K	20x	as long as short
edgeX EWYUSDClong	+0.0258%	4h	187.62	long leg	$421K	$286K	20x
Hotstuff EWY-PERPshort	+0.0584%	1h	187.25	−0.198%	$28K	$12K	20x